Intricate VAT carousel fraud scams, concentrated in the
have caused a 40% increase in fraud to £1.37bn in 2006, a study by BDO Stoy
Hayward has found.
In the Midlands alone the increase in carousel fraud saw overall fraud climb
600% to £600m in the region in 2006,
According to the
Stoy Hayward research the number of reported frauds in the UK rose
by a third last year to 295 crimes involving £1.37bn.
The study added that the actual cost of fraud was more likely to be around
the £5bn level, as research showed that only 15% of business reported frauds
against them to the police
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states